Current:Home > InvestTradeEdge Exchange:Kentucky Senate panel advances bill to encourage cutting-edge research -BeyondProfit Compass
TradeEdge Exchange:Kentucky Senate panel advances bill to encourage cutting-edge research
NovaQuant View
Date:2025-04-10 21:40:07
FRANKFORT,TradeEdge Exchange Ky. (AP) — Kentucky lawmakers on Thursday started advancing an ambitious measure aimed at stimulating cutting-edge research while promoting teamwork among the state’s public universities.
The Senate Education Committee quickly advanced the bill that would create a framework for cross-campus projects pairing up researchers at various schools. The measure is sponsored by Republican Senate President Robert Stivers and is designated as Senate Bill 1, signifying its top-priority status. The proposal goes to the full Senate next and would still need House approval.
The legislation is meant to be a catalyst to stimulate far-reaching research capable of attracting lucrative federal grants and other support while raising Kentucky’s research profile. Projects could focus on medical breakthroughs but could build on schools’ existing strengths in other types of research as well.
“You can’t catch a fish until you cast something into the water,” Stivers told the committee. “I’ve never seen them jump in my boat. So this is an attempt to go fishing.”
The goal is to reel in research projects capable of improving lives across the Bluegrass State.
By providing state-backed seed funding, the goal is to help nurture the research projects, with the expectation that the work would prove successful enough to attract outside funding.
The bill would establish an endowed research fund administered by the state Council on Postsecondary Education. The council would solicit and review joint funding applications submitted by two or more public universities. It’s meant to enhance collaboration among Kentucky schools often seen as competitors.
The council would select five research consortiums to receive funding for an initial five years. Interest earnings from the research fund would be transferred into accounts supporting each project.
“This is precisely what Kentucky needs now to catapult us forward in developing premier research consortiums by banding together, pooling our resources to chart a path to success in Kentucky’s future,” Stivers said in a news release after the committee hearing.
The council would review the performance of each research team to determine whether its funding support should be renewed for up to five more years. If a research team’s funding is discontinued, the council would review other applications to fill the vacancy.
Details about state funding for the initiative would be decided in coming weeks. The Senate is currently working on its version of the next two-year state budget. The final version will ultimately be hashed out by Senate and House negotiators next month. Stivers will be a key participant in those negotiations.
The state’s research reputation got a boost last year when the University of Kentucky’s Markey Cancer Center achieved the highest level of recognition from the National Cancer Institute. Its elevated status — putting it among several dozen cancer centers nationally to attain the designation — will bolster research and patient care in a state plagued by some of the nation’s highest cancer rates.
veryGood! (3)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Remember that viral Willy Wonka immersive experience fail? It's getting turned into a musical.
- Why Brooke Shields Is Saying F--k You to Aging Gracefully
- Phoenix using ice immersion to treat heat stroke victims as Southwest bakes in triple digits
- Travis Hunter, the 2
- Walmart settlement deadline approaches: How to join $45 million weighted-grocery lawsuit
- Metal in pepperoni? Wegmans issues recall over potentially contaminated meat
- Brittany Cartwright Details Horrible Insults Jax Taylor Called Her Before Breakup
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Interpol and FBI break up a cyber scheme in Moldova to get asylum for wanted criminals
Ranking
- B.A. Parker is learning the banjo
- Iowa will pay $3.5 million to family of student who drowned in rowing accident
- Dolly Parton says she wants to appear in Jennifer Aniston's '9 to 5' remake
- Remember that viral Willy Wonka immersive experience fail? It's getting turned into a musical.
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Modi claims victory in Indian election, vows to continue with his agenda despite drop in support
- How Biden’s new order to halt asylum at the US border is supposed to work
- Now that the fight with DeSantis appointees has ended, Disney set to invest $17B in Florida parks
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Downed power line shocks 6-year-old Texas boy and his grandmother, leaving them with significant burns in ICU
Washington parental rights law criticized as a ‘forced outing’ measure is allowed to take effect
Kids' YouTuber Ms. Rachel Responds to Backlash After Celebrating Pride Month
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Modi claims victory in Indian election, vows to continue with his agenda despite drop in support
Walmart settlement deadline approaches: How to join $45 million weighted-grocery lawsuit
Biden’s Chinese Tariffs Could Hamper E-Bike Sales in the U.S.